Telegram is a Messenger service like many others. Wrong! Telegram is more than just a Chat program: It is a whole social network and was one of the first Apps to offer encrypted Chats. Telegram is faster in data transmission and especially a lot more innovative. Particularly interesting for the crypto-scene, the Telegram Open Network (TON) is. With the ICO for the associated “GRAM” tokens 1.7 billion dollars were collected. But then the job’s message came: The American Supervisory authority, the SEC has halted the project because of the GRAM Token was classified as a “Security”, so as the value of paper. Now there is news about the ongoing lawsuit.
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The Telegram Open Network (TON) and GRAM
Telegram to build a longer block chain-based platform, the Telegram Open Network (TON). The own Token “GRAM” should be used in addition to fast payments in dApps and Smart Contracts. It will also be possible to implement any program of the Ethereum Blockchain in the Telegram Open Network.Telegram offers already Fans and programmers, the programs called “Bots” set up. Including survey bots, games, Translators, and Community or Anti-Spam Bots. Some particularly successful Bots were even intrigued in the Telegram App.
Telegram is a counter-claim
From new published documents show that, Telegram is asking the US courts about the lawsuit the SEC to reject. Telegram says the GRAM Token is not “unregulated securities offering” and contradicting the claim. GRAM has been according to the developers, under the rules of a private sale only to verified and accredited investors available. In addition, failure of the Supervisory authority, a clear set of rules for such token sales to establish. The lawsuit against GRAM is in the eyes of the Telegram a “regulation by enforcement”.You want to be one of the world’s leading CFD brokers act? We have for you in our Plus500 Test all of the knowledge about values is collected and written down, where here are the pros and cons are. Just have a look on the Test or see for yourself and join today at Plus500.
GRAM Token is not a security but a product
Telegram asserts, moreover, that they have agreed voluntarily and in advance with the SEC in order to avoid any problems at the Start. Nevertheless, the authority had made no attempt in any way, contact the legal Department, but merely the enforcement would have filed a lawsuit. The SEC seems to want to be an example of Telegram is set. In addition, Telegram writes that the GRAM has not been Token created yet and so also not in the value of paper could be. If the tokens are created, be it a product or a currency and have no value paper.Where you can buy the GRAM Token after the release, you can find out in this article.It could Telegram create avert the lawsuit? You are already using Telegram? If not: test the App and let our Community of explain everything!Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)